Podcast Episodes
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[Tax] 19, Standard Deduction
Varies by filing status; additional amounts for age 65+ or blind. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I create…
Published on 9 months ago
[Tax] 18, Filing Status
Single, MFJ, MFS, HOH, and Qualifying Widower; determined on last day of tax year. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite chal…
Published on 9 months ago
[Tax] 16, Insurance Policy Exchanges (Section 1035)
Allows tax-free exchanges of life policies and annuities, except annuity for life policy. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be qui…
Published on 9 months ago
[Tax] 17, Basic Tax Formula
Income minus exclusions, deductions for AGI, and standard/itemized deductions to determine taxable income. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve f…
Published on 9 months ago
[Tax] 15, Involuntary Conversions (Section 1033)
Defers gain if proceeds are reinvested in similar property within specified time. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite chall…
Published on 9 months ago
[Tax] 14, Section 1202 Stock
Excludes 50%, 75%, or 100% of gain on qualifying small business stock based on acquisition date. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to…
Published on 9 months ago
[Tax] 13, Section 1244 Stock
Allows deduction of up to $50,000 ($100,000 MFJ) of loss on small business stock as ordinary loss. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it …
Published on 9 months ago
[Tax] 12, Worthless Securities
Loss deductible in the year securities become worthless; artificial sale date is last day of the year. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found…
Published on 9 months ago
[Tax] 11, Non-Qualified Use for Section 121
Post-2009, appreciation during non-qualified use periods is not eligible for exclusion. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite…
Published on 9 months ago
[Tax] 9, Wash Sales
Losses disallowed if identical securities are acquired within 30 days; loss added to new security's basis. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve f…
Published on 9 months ago